Motorway projects to be financed with Ft 283 billion loan
Thursday, March 17, 2005, 12:49
In line with an earlier government decision, the National Motorway (NA) Rt has called a tender to take out a Ft 125 billion loan, according to business daily Világgazdaság. The loan will be used as bridging finance for four state motorway construction projects launched last year, the Economy Ministry said. In addition, the Hungarian Development Bank Rt (MFB) has agreed to extend another Ft 158 billion to NA to cover the costs of this year?s and several upcoming construction projects, the Ministry added. In line with a recent government decision, as of this fall the State Motorway Management (ÁAK) Rt will take over from NA motorway affairs including investment, financing and maintenance.